The demand for the Non-psychoactive cannabidiol or CBD and Hemp based products is on the rise these days and both markets are expected to develop a new record in terms of sale rate. CBD is a non-psychoactive, naturally-occurring cannabinoid constituent of cannabis. Derived from Cannabis plant, CBD has many health benefits and a treatment to multiple ailments. According to a recent research by Hemp Business Journal, CBD market is anticipated to grow to $2.1 billion by 2020 and a huge chunk of its market sale ($450 million) would come from hemp-based products. This is a 700 percent increase in the sale as compared to 2016.
Research shows that Cannabinoids or CBD possess a range of potential health benefits owing to its antioxidant and neuroprotective properties. It has numerous therapeutic uses like to reduce inflammation, relieves pain and Arthritis discomfort, improves heart health and many more. Cannabinoids are not psychoactive, unlike the widely accepted tetrahydrocannabinol (THC) drug, it won’t get you high. CBD products are mainly derived from hemp or marijuana plants.
The market growth of CBD is being advanced by the enhanced legalization of medicinal cannabis and social acceptance of CBD based products. The most recent development came this spring when the FDA committee announced it was recommending a cannabis-based drug to treat epilepsy.
There are many companies in the market that are being capitalized on the power of CBD under different brand names through its product research and development. For example, Marijuana Company of America, Inc. (OTC: MCOA ), has recently announced the Company’s hempSMART™ brand has reintroduced its wellness product hempSMART™ Brain with 10mg of Cannabidiol (CBD) oil per serving. hempSMART Brain has been particularly designed to optimize brain wellness naturally. It improves mental clarity, alertness, and concentration. Moreover, it helps brain cells get relaxed, and support the repair and regeneration of brain cells, known as neurogenesis.
CBD oil has shifted the perception of the people about the way they used to think about the marijuana. The biggest reason is it does not get you high and is used more as a wellness product to help you get naturally fit. Realizing the importance of cannabidiol, many universities and the private sector are nowadays using CBD oil for research purposes and to see how it could impact the future of the cannabis sector.
For example, the Mount Royal University in Alberta, Canada recently announced a collaboration with Kwantlen Polytechnic University and the two will offer new courses related to CBD.
All cannabinoids produce effects in the body by attaching to certain receptors which they target and generate the desired response.
However, the human body produces certain cannabinoids naturally. It also has two receptors for cannabinoids, called the CB1 receptors and CB2 receptors to which these cannabinoids bind. CB1 receptors are present throughout the body, but predominantly present in the brain where it deals with coordination and movement, pain, emotions, and mood, thinking appetite, and memories, and other functions. While CB2 receptors are more common in the immune system. They are mainly concerned with the inflammation and pain.
Researchers once believed that CBD attached to these CB2 receptors and generate the response by altering the target tissue, but with latest research developments it now appears that CBD does not attach directly to either receptor, it simply directs the body to use more of its own cannabinoids.
It goes without saying that Cannabinoids are truly remarkable products with real life-changing capabilities. If you know someone who is suffering and can benefit from CBD, or can really benefit from adding CBD to their health maintenance regime, do not hesitate to keep them informed about it.
Launching a CBD based business? We’d love to talk and help you make the right business impact.
Contact Cannaimpact today.
With the ongoing legalization of medical marijuana, the cannabis industry is thriving more than ever. As such, like all verticals of business, amazing women are helping to shape and influence the industry, while continuously improving the lives of many.
According to a survey by Marijuana Business Daily, 36% of the executives in 2015 were women, reports C & En. The figures have recently dropped with only 23% executives being female. In light of this, we thought it would be a perfect time to bring you a list of ten amazing women who are shaping the ever-changing cannabis industry in their own unique way.
#1: Pamela Hadfield
As a founder of HelloMD, Hadfield first came to know about the health benefits of low THC products, when she found a cure of her migraines in them. Hadfield, a UX designer by profession, created HelloMD to help patients with health conditions, which can be alleviated by medical marijuana. The platform provides an opportunity to consult with doctors, access community support and have precise information on products.
#2: Jessica Peters
With a background as a cannabis clinician, Peters is the founder and president of Moxie Meds. One of the specialties of Moxie Meds is that it provides cannabis for women, and is run by women. Some of the products of Moxie Meds include cannabis tinctures, which can be used to lessen menstrual cramps, menopause, and other menstrual related issues.
#3: Shanita Penny
Shanita Penny comes from a background of management consultation. As a recognized management consultant, she has helped several companies improve their infrastructure and performance over decades. She is the founder of Budding Solutions and is known for her campaigns in favor of cannabis. She also provides management consultations to entrepreneurs in the cannabis niche.
#4: Heather Despres
With a B.S. in Chemistry from Clarkson University and M.S. in Chemistry from the University of Colorado, Heather is presently a consultant and an advocate for the legalization of marijuana in Virginia. She has worked in different cannabis testing labs across Colorado and Vancouver and is a strong advocate of marijuana. According to her, the industry could benefit not only patients but also the state if medical marijuana is legalized.
#5: Johanna Motz
Motz is the co-founder of PolyKulture Cannyard, where she oversees organic cultivation of marijuana. She also believes in organic farming and cultivation without any detrimental effect on the environment like water wastage or soil degradation. Motz has been known to encourage people to speak about cannabis and its positive impacts.
#6: Tiffany Bowden
Bowden is best known as the Chief Happiness Officer of ComfyTree, which is an e-learning enterprise for cannabis. She is passionate about educating the industry professionals about the positive influence of marijuana. Bowden first started her journey because she was upset with the misrepresentation of cannabis by mainstream media, and haven’t stopped ever since.
#7: Charlo Greene
Charlo Greene, one of the pioneers of the cannabis industry, is known for quitting her job as a reporter while she was covering a major story on Alaska Cannabis Club. She has been awarded a Courage in Media Award by High Times and she has been listed as one of the “13 most potential women in Pot Industry” by ELLE. Greene continues her campaign for cannabis legalization in a popular daily talk show.
#8: Emily Paxhia
Paxhia is the co-founder of Poseidon Asset Management, which is a cannabis hedge fund. She reviews thousands of cannabis companies and supports the entrepreneurs with preparing documents, business strategy, and product launches among others. Presently the Poseidon Asset Management manages a portfolio of 27 different cannabis companies.
#9 Moran Grinberg
Moran Grinberg, VP of R&D at Cannabics Pharmaceuticals Inc. is an experienced scientist with expertise in both basic and applied biological and clinical R&D. Her background is interdisciplinary – basic biological research, clinical research, the establishment of new validation system, and project management. She strives to leverage these skills to be an instrumental team player in bringing viable novel therapies from bench-to-bedside.
#10 Sari Starr
For over a decade Sari ran a creative agency called U2R1 Media. Since 2016 her efforts have evolved towards the cannabis industry. She is a cannabis entrepreneur with multiple business entities. Redefining Cannabis is her cannabis creative agency. She’s worked with top-level brands who aim to change the stigma around cannabis. Sari also founded Cannabliss Retreats – Curating conscious community with cannabis – an educational and experiential experience
With the popularization of the cannabis industry, more and more attention is being focused to it. As such, in the years ahead, the industry will hopefully see an increase of passionate women entrepreneurs helping out others to strive and succeed in their chosen fields of passion.
In case you haven’t noticed, marijuana stocks are growing like a weed. A majority of those with a market cap of at least $200 million have had their share price double or triple over the trailing year as optimism surrounding legal weed grows.
While we can talk all day about the great advancements in the cannabis industry, the greatest catalyst to progress is changes in legislation. After all, this is what opens up new markets, and in return, new customers and businesses to work with. However, all of that is up to the voters, who are continuing to swing toward legalization.
According to Pew Research, approximately 56 percent of Americans believe cannabis should be legalized. We can deduce that even if those people don’t consume it themselves, they’d still vote at the ballot for having cannabis legalized. And as more states have been seeing the financial bonanza reaped by Colorado, Washington, and Oregon, many of them are considering adding it to their referendums. Granted, not every state allows citizens to propose statewide legislation via petitioning, but for the ones that do, legalization might become inevitable.
Whether you are doing research on the industry or you just want to see some really cool facts, here are 5 unbelievable statistics about the cannabis industry:
On January 1, 2018, the US government legalized the use of medical marijuana in 29 states and recreational marijuana in 9 states. The support for cannabis reached a new high last year with 64% of Americans in favor of it, even the Republicans. Below are all the states in the US where people can legally consume Marijuana:-
California was the first state to legalize marijuana back in 1996, and it strengthened its bond with weed when in 2016, California made it legal to use and carry up to one ounce of marijuana. Earlier, the state had given temporary license to the dispensaries to sell recreational marijuana but on January 1st, 2018, it issued a permanent license.
Adults over 21 can legally consume weed in Alaska. In the year 2015, the state made it legal for people to consume, possess, and transport up to one ounce of marijuana for recreational use. In 2016, the first pot shop in the state opened for business post-legalization.
Colorado has more marijuana dispensaries than McDonald’s and Starbucks outlets combined. Along with residents, tourists can also buy up to one ounce of weed in the city. Washington and Colorado were the first two states to legalize marijuana for recreational use in the year 2012.
Washington dispensaries have collected over USD 1 Billion in sales of recreational marijuana since it was legalized in 2012. The residents can carry up to one ounce of weed, however, they must acquire it for a medical purpose to be eligible for a grower’s license.
In 2012, residents in Oregon obtained the right to carry an ounce of marijuana and grow up to four plants at their residence. It is also legal to exchange weed edible products as a gift, as long as it is consumed in a private setting. In 2017 the state paid USD 85 million in marijuana tax revenue to fund state police, public health initiatives, local government, and schools.
Nevada residents, as well as tourists above 21-years old, can carry an ounce of weed or one-eighth of an ounce of concentrates or edibles. The dispensaries ran out of marijuana to sell within two weeks after the sales of recreational weed were legalized in July 2017.
The residents of the country’s capital overwhelmingly came in support of legalizing recreational marijuana in November 2014. The bill was passed in 2015 and allowed people to use and carry two ounces of weed and gift up to an ounce.
In 2016, Massachusetts gave its residents the right to use and carry one ounce of marijuana and grow up to 12 plants at home. However, the state’s legal market is still uncertain. The lawmakers have postponed the decision regarding the opening of pot shops, which was supposed to come in January 2018, till the end of July 2018.
The residents of Maine received the right to use and carry 20.5 ounces of marijuana, which is double the limit of what most states have allowed. However, on November 2017, Paul LePage, Governor of Maine, vetoed a regulation that would regulate and tax the sale of marijuana for recreational use.
In addition to the nine states that legalized recreational marijuana, below are the states that have given a green light to medical marijuana:-
While the above-mentioned states have legalized marijuana to a certain extent, there are still many places in the US fighting for an equal right. The support for marijuana across the US is pretty strong and in the coming years, the industry is bound to witness a stride for the better.
The marijuana industry is strapping in for a roller-coaster 2018 when challenges and opportunities are unfolding faster than ever, and in more places than ever.
Here’s a look at few of the biggest challenges and opportunities that will demand the attention of marijuana entrepreneurs in 2018 and the months ahead.
The Cannabis Financial Challenge
One of the preeminent challenges that the medical cannabis is facing is finding willing financial institutions to handle the excess cash flow that the industry generates. As cannabis is still illegal under the federal law, the US federal banking institutions are wary to be a part of this industry. Even the few banks that are helping the industry are having second thoughts regarding their support. For example, a bank in Illinois informed its cannabis account holders that they would be closing their accounts. The spokesperson of the bank said that this step was taken to protect their current customers and that they had no intention to jeopardize their relationships with them by being involved in businesses that were operating under the legal gray zone.
Alternative Options for the Industry
Global Payout Inc. along with Money Trac Technology (MTRAC) has offered alternative fintech banking solutions to such high-risk industries present in the USA, Mexico, and Canada. They have offered customized payment solutions which allow cannabis businesses to process and manage payments electronically across the globe. MTRAC has also launched its new “Key to Cashless” payment solution backed by the GreenBox blockchain technology to further streamline its payment processes.
The CEO of MTRAC, Vanessa Luna, said that the company is thrilled to launch this payment platform. They aim to market and persuade governments and municipalities to adopt the new technology to both, regulate the cannabis sales as well as monitor it for tax purposes. It is certainly an out-of-the-box payment system that offers electronic transactions, integrated point-of-sale, inventory tracking, and one-click payroll. With such effective services in place, it is evidently the ideal payment solution that the cannabis industry has long awaited for.
The impediment here is that paying for cannabis prescription is still a challenge because a majority of the time, cash-in-hand is the only payment medium available. The company, however, is taking efforts to get variously licensed dispensaries to incorporate their payment system and soon expects the municipality to accept their request.
Cannabis Opportunities- An Ever-growing Marketplace
According to the Grand View Research, the worldwide medical cannabis market is expected to stand at a value of USD 55.8 Billion by the year 2025. Ancillary businesses that support the industry are also developing at a fast pace. From growing and producing to supplying, the job opportunities this industry has to offer is endless. Related accessories like rolling paper, vaporizers, etc., is also expected to generate more job prospects. Infused products like edible cannabis along with extracts and oils are an innovative approach to presenting cannabis products in the mainstream market
Even though it is illegal at a federal level, medical and recreational cannabis has become an industry that cannot be ignored and possesses the same requirements as a mainstream business. From point-of-sale software, payroll providers to ancillary companies, accountants, law firms, etc., are all part of a huge revolution.
Challenges in the medical cannabis industry will be here for a while and rules will keep changing from state to state. However, with such dynamic opportunities and strong support from the market and other industries, the cannabis industry is fast changing the face of its global market landscape.
For those who are unaware of the Vaynerchuk powerhouse, Gary Vaynerchuk an investor who has earned a reputation for his savvy start-up investments. He’s also the brains behind the wine e-commerce platform Wine Library and chief executive of digital agency VaynerMedia.
Green Street, an L.A.-based marketing and branding agency focusing on the cannabis space, has sold a 50% stake in its burgeoning business to high-profile investor Gary Vaynerchuk, the company recently announced.
Founded by Rama Mayo and Joshua Shelton in late 2012, Green Street has helped celebrity clients including 2 Chainz, the Game and Broken Lizard (the comedy team behind the “Super Troopers” films) forge weed-related partnerships. In the last two years, the agency has also created a first-of-its-kind cannabis brand showroom in the penthouse of Miracle Mile’s historic Art Deco Wilshire Tower building and recruited a cadre of other like-minded brands to join them in a cannabis-business incubator environment.
He recently shared his thoughts with Cannabis & Tech Today. Gary Vaynerchuk: Here’s the problem: there’ll be a couple Philip-Morris’s and then there’s gonna be a trillion “s****y Morris’s.” The amount of money that’s about to be lost in mainstream cannabis is going to be as much as is going to be made. People don’t understand gold rushes – not everybody finds gold, there are a lot of hucksters in it. By the nature of the product, you’ve got a bunch of people in it that don’t want to work, really. You’ve got a bunch of people that think it’s a gold rush; it’s easy, it’s free money. There’s no such thing. I’m very bullish on it just like I was very bullish on the internet. A lot of people made a lot of money and way more lost a lot of money. That’s what’s going to happen with cannabis.